Is this the end?
A big NO. The fundamentals of whole western world are not really good and technical charts according to speculators signal a big sell. For me to take a view on this market, I will be selling stocks very aggressively. The time has come for a shrink. It is a continuation of shrink from 2008 where most of the banks were given bailout for no reason. The economy can shrink to the worst creating a mass of unpaid debt.
Looking at oil. It was testing or hovering around this level for nearly whole british summers. This aggressive selling for me is a strong signal for a sell down.
Interesting observation?
News on CNBC says how much will oil fall this time. They give a random number justifying their analysis with manipulated guests displaying their unwanted analysis.
My answer to this question would have been markets can touch the bottom which we can't even dream about. Last time crude oil touched $38 and it can be lower this time. So no definite number for this downward trend.
Trade well and be safe.
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